Akzo Nobel (OTCMKTS:AKZOY) Announces Quarterly Earnings Results

Akzo Nobel (OTCMKTS:AKZOY) released its quarterly earnings data on Tuesday. The basic materials company reported $0.26 EPS for the quarter, reports. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. The company had revenue of $2.88 billion during the quarter.

Akzo Nobel Price Performance

OTCMKTS:AKZOY traded down $0.31 during mid-day trading on Thursday, reaching $22.09. The stock had a trading volume of 757,928 shares, compared to its average volume of 340,491. The stock has a market capitalization of $11.32 billion, a P/E ratio of 20.18, a P/E/G ratio of 0.74 and a beta of 1.27. The firm has a 50 day moving average price of $24.12 and a two-hundred day moving average price of $24.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06. Akzo Nobel has a one year low of $21.47 and a one year high of $29.03.

Akzo Nobel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a $0.4498 dividend. This is a boost from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date of this dividend is Monday, April 29th. Akzo Nobel’s dividend payout ratio is presently 24.47%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “neutral” rating in a research report on Thursday.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.